• AB SKF average return on tangible equity for 2023 was 15.72, a 20.2% decline from 2022.
• AB SKF average return on tangible equity for 2022 was 19.7, a 31.86% decline from 2021.
• AB SKF average return on tangible equity for 2021 was 28.91, a 28.03% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.